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As the price of Ethereum remains below its maximums of all time (ATHs), the founder of Tron, Justin Sun, has emerged with a bold vision aimed at revitalizing the Altcoin value.
The vision of the sun for the price of Ethereum
In a recent one Social publication In X (previously Twitter), Sun proposed a plan that he thinks could promote the price of Ethereum at unprecedented heights, pointing at a price of $ 10,000. Sun’s strategy depends on a radical review of the Ethereum Foundation (EF) and the Ethereum protocol itself.
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The founder of Tron states that under his leadership, immediate and decisive actions could almost double the maximum current price for ETH. One of its main proposals is to stop the Sale of ETH for a minimum of three years. In doing so, Sun aims to stabilize the supply of the currency and reinforce market confidence.
To cover operating costs during this period, SUN suggests taking advantage of AAVE (AAVE) loans, rethinking yields and Stablecoin loans, thus ensuring that ETH supply remains intact while aligning with the deflationary objectives.
In addition to stopping sales, Sun proposes to impose significant taxes to Layer 2 (L2) Projects. He believes that this movement could generate at least $ 5 billion annually for Ethereum, either in stablocoins or tokens.
The income of these taxes would be used to repurchase and burn ETH in a decentralized way, further improving shortage and potentially increase demand.
The main personnel cuts to transform the Ethereum Foundation into Meritocracy
In its publication on social networks, Sun also emphasized the need to rationalize operations within the Ethereum Foundation. It suggests a significant reduction in the staff, retaining only the most capable team members.
Those who remain would receive substantial salary increases, the transition from the Ethereum Foundation to an organization based on the merit that rewards high performance.
In addition, the founder of Tron asks for adjustments in node rewards and a stronger approach to Rate burning mechanisms. By reducing node rewards, Sun believes that Ethereum can solidify its deflationary status, reinforcing its position as a value reserve.
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The approach, according to SUN, would change exclusively towards the development of layer 1 (L1), prioritizing the scalability, safety and broader adoption.
Sun is confident that these initiatives could lead to the price of Ethereum to exceed $ 4,500 within the first week of implementation, establishing the bases for long -term success.
While this only represents Sun’s vision for the price of Ethereum, any of these proposals, if it is viable to conduct another Altcoin leg, could be adopted by co -founders or platform developers.
At the time of writing this article, the price of Ethereum is around the $ 3,200 mark, which reflects a loss of 4% in the last 24 hours. This decrease has expanded the gap between the current price and its Aw of $ 4,878, which represents a difference of 34.5%.
Outstanding image of Dall-E, TrainingView.com graphics
